The Retirement Thread
14 lurkers |
176 watchers
Jul 2022
5:02pm, 29 Jul 2022
23,743 posts
|
Ness
Can't offer any advice on that one, I'm afraid. I have a teacher's pension which I'm now taking. Also have an AVC pot which I haven't started taking yet. Don't know if there was ever an option to transfer those funds into the TPS but glad I kept it separate TBH.
|
Jul 2022
5:06pm, 29 Jul 2022
7,252 posts
|
Fizz :-)
Depends what you’re getting for your money I guess. Extra years are nice, but you might not live long enough to see the benefit, the lump sum is flexible and separate. I’ve never had the option, so can’t really advise.
|
Jul 2022
5:13pm, 29 Jul 2022
5,755 posts
|
Fields
I’m in my early 40s so the years would be helpful but I really don’t want to crystallise the losses this year. And if at age 55 I have terminal cancer for example I’d rather be able to spend it on whatever my bucketlist is |
Jul 2022
6:39pm, 29 Jul 2022
23,241 posts
|
Bazoaxe
Having separate pots might offer flexibility but worth looking at charges and getting some quotes to weigh up Options. |
Jul 2022
6:45pm, 29 Jul 2022
63,770 posts
|
Lip Gloss
70 weeks - 7 weeks holidays = 63 weeks ….how quickly can they go 😂😂🤦♀️
|
Jul 2022
6:55pm, 29 Jul 2022
14,849 posts
|
Mandymoo
LipGloss you will be surprised how quickly it will go
|
Jul 2022
7:33pm, 29 Jul 2022
6,051 posts
|
ThorntonRunner
22 weeks. 3 weeks of holiday so 19 weeks of work to go.
|
|
Jul 2022
7:39pm, 29 Jul 2022
23,243 posts
|
Bazoaxe
I reckon I have 23 months to go, but I see the pension has recovered about 1/3rd of its losses in recent times.
|
Jul 2022
3:19pm, 30 Jul 2022
43,124 posts
|
HappyG(rrr)
Another colleague finished yesterday. This one is day-trading part of his pension pot as a full time job.  Not for me. G
|
|
Jul 2022
3:22pm, 30 Jul 2022
23,248 posts
|
Bazoaxe
Sounds risky. I know someone who retired at 50 after being made redundant and planned to top up his pension playing online poker. I saw him a few years ago and still retired but seemed to have given up on the poker. |
Marmite Useful Links
FE accepts no responsibility for external links. Or anything, really.- Money Helper
- How Much is Enough to Retire On?
- Retirement Living Standards
- How much will you need to retire?
- Free Govt website for pension advice
- SIPP pensions
- ISAs
- Check your National Insurance contributions
- Check your state pension account
- Martin Lewis on pensions
- Support and advice for those widowed under the age of 50
- Power of Attorney information
- Making the most of your retirement
- 20 tips for a happy retirement
- Married Couple's Allowance
- Aviva guide to retirement planning
- U3A
- U3A Local Sites - map
- Make a Power of Attorney
Related Threads
-
Any pension experts out there?
Oct 2024
-
Writing a will.
Nov 2022
-
Energy Bills
Dec 2024
-
Saving Money Tips
Aug 2023
-
Any benefit geeks can help me?
Mar 2023
-
Selling things
Feb 2023
-
Anyone here freelance or self-employed?
Jan 2024
-
Accounting Question
Oct 2017
-
How do I declare extra income to the HMRC when I've always been on PAYE?
Oct 2016
-
Home book keeping for the compleat Fetchie
Mar 2024
